Saudi Aramco Base Oil Co - Luberef (SAU:2223) Accounts Payable & Accrued Expense : ﷼2,162 Mil (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef Accounts Payable & Accrued Expense?

Saudi Aramco Base Oil Co - Luberef's quarterly accounts payable & accrued expense declined from Sep. 2023 (﷼2,173 Mil) to Dec. 2023 (﷼1,259 Mil) but then increased from Dec. 2023 (﷼1,259 Mil) to Mar. 2024 (﷼2,162 Mil).

Saudi Aramco Base Oil Co - Luberef's annual accounts payable & accrued expense declined from Dec. 2021 (﷼1,197 Mil) to Dec. 2022 (﷼805 Mil) but then increased from Dec. 2022 (﷼805 Mil) to Dec. 2023 (﷼1,259 Mil).

Saudi Aramco Base Oil Co - Luberef Accounts Payable & Accrued Expense Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Saudi Aramco Base Oil Co - Luberef Accounts Payable & Accrued Expense Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

1,197.41

804.82

1,258.73

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial					873.83	1,074.72	2,173.23	1,258.73	2,161.70

Saudi Aramco Base Oil Co - Luberef Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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